Asset Report
Bacalhau and Bacalhau Norte (formerly Carcara)
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Bacalhau and Bacalhau Norte are a single large pre-salt accumulation located in Brazil's Santos basin. Equinor took the final investment decision in June 2021 and production is expected to start-up in 2025. Our reserves estimate for the Bacalhau discovery, including its extension into the Norte de Bacalhau block, is 2 billion barrels of oil equivalent (Bacalhau Norte contains 52% of the reserves and Bacalhau field the remaining 48%). For a full analysis, please assess Bacalhau and Bacalhau Norte models together.
Table of contents
- Summary
-
Key Issues
- Oil production starts at Bacalhau
- Bacalhau FPSO arrives in Brazilian waters
- Development concept and phases
- Final investment decision (FID)
- Challenging full-cycle economics for Bacalhau Norte
- High-pressure reservoir presents challenges
- History
- Local content
- Unitisation
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Gas
- Wells
- Oil
- Gas
- Operating costs
- Oil
- Gas
- Cash flow
- 2 more item(s)...
Tables and charts
This report includes the following images and tables:
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Field Hydrocarbon CharacteristicsReserves (2P) at 01/01/2026
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Production (2024-2033)Production Profile - BacalhauProduction Profile - Bacalhau NorteCapital Costs 2020 to 2029 (US$ million)Operating Costs 2025 to 2034 (US$ million)Index MapDetail mapCurrent participationCash Flow (US$)
- 15 more item(s)...
What's included
This report contains:
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